Esteban Castaño

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TRM Labs doubles valuation to $2 billion in expanded Series C

As of September 2026: Leading TRM through its Series C expansion and November AI platform launch

TRM Labs, a San Francisco company that traces illicit cryptocurrency, expanded its Series C round on September 9 at a $2 billion valuation, twice its February level. Blockchain Capital, which led a $70 million tranche in February, led this expansion too.

Updated Sep 10

Notable Quotes

Today's crimefighters are tasked with finding a needle in a haystack. Only, the haystack is enormous, with petabytes of data that today live in disparate systems.

from TRM Labs doubles valuation to $2 billion in expanded Series C · Updated Sep 10

AI is a second growth engine for our business, not a pivot.

from TRM Labs doubles valuation to $2 billion in expanded Series C · Updated Sep 10